Axos Financial, Inc. (NYSE:AX) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,120 shares of the company's stock after selling 26,424 shares during the quarter. Axos Financial makes up about 1.3% of Emerald Advisers LLC's portfolio, making the stock its 20th biggest holding. Emerald Advisers LLC owned 0.84% of Axos Financial worth $33,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AX. Heck Capital Advisors LLC purchased a new position in Axos Financial during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial in the 4th quarter valued at $52,000. R Squared Ltd purchased a new stake in Axos Financial in the 4th quarter worth $66,000. SRS Capital Advisors Inc. raised its position in Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after acquiring an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Axos Financial by 206.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock worth $88,000 after acquiring an additional 849 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.07% of the stock is currently owned by insiders.

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Axos Financial Price Performance

Shares of AX stock traded down $0.66 during trading hours on Thursday, reaching $64.86. The company had a trading volume of 275,894 shares, compared to its average volume of 508,845. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 8.72 and a beta of 1.45. The stock has a fifty day moving average of $67.83 and a 200-day moving average of $69.96.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DA Davidson cut their target price on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Raymond James reissued an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.